Philadelphia Metropolitan Area Real Estate Law Blog

Tag: Commercial Lease

It has been a relatively decent year for commercial real estate in Philadelphia this year according to the Federal Reserve Board, and the latest numbers show that the year will finish by continuing its trend of modest gains for the city’s market.

The Philadelphia Inquirer reports that one of the sites at the Navy Yard will be the site of a new Marriott-brand hotel. The development is being sponsored by Liberty Property Trust, an investment trust headquartered in Malvern. Sources said Liberty is nearly finished financing the new hotel.

There are many discouraging stories about the economy these days, especially involving real estate development and construction markets. Development for both housing and shopping centers has been declining for the past several years. However, some developers believe that they have found ways to capitalize on the commercial real estate trends in Philadelphia. Many developers are moving their focus from new development to existing properties.

When investing or developing commercial real estate in Philadelphia for the first time, many people are surprised at the complexity of the legal issues that are involved. From laws governing how transfers need to be recorded to adverse possession to title disputes, real estate law can be quite intricate.

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